DAX under pressure: Investors react to US economic data and inflation concerns

DAX under pressure: Investors react to US economic data and inflation concerns

Today the DAX is coming under pressure after a sharp rise in prices. According to a report by daily news Strong US economic data is fueling inflation fears, which is having a negative impact on investor sentiment. The DAX is valued 0.1 percent lower at 20,317 points, having previously approached its record high of 20,522 points.

The day before, the DAX closed with an increase of 0.6 percent at 20,340 points. Since the low on December 20th, when it was 19,650 points, the DAX has gained around 700 points. Further negative data came from overseas stock exchanges: The Dow Jones fell by 0.4 percent to 42,528 points, the S&P 500 by 1.1 percent to 5,909 points and the Nasdaq by 1.9 percent to 19,489 points. The Asian stock markets are also showing mixed trends, with the Nikkei falling by 0.2 percent to 40,015 points.

Price developments on raw materials and company news

The euro gained 0.1 percent to $1.0353. The price of gold remains stable at $2,649 per troy ounce. Oil prices are also rising: Brent rose by 0.4 percent to $77.32 per barrel, while WTI rose by 0.5 percent to $74.60. Reported at the same time finance.net, investors are showing interest in buying in the German stock market after US inflation fell to 3.2 percent in October, beating economists' expectations.

For the DAX, Tuesday started 0.09 percent lower at 15,358.59 points. According to the published US inflation data, the DAX rose to a daily high of 15,632.44 points and finally closed with an increase of 1.76 percent at 15,614.43 points. Furthermore, the ZEW index of economic expectations in Germany rose to plus 9.8 points in November, which was the first positive value since April. RWE, the largest German power producer, also reported increased adjusted Ebitda of 6.15 billion euros in the period from January to September.